Metallacyclobutadienes are analogues of cyclobutadienes in which one of the cyclobutadiene CR groups has been formally replaced by a transition-metal fragment. These metallacycles are interesting because they can play an important role in catalysis and can serve as starting materials for the syntheses of organometallic compounds such as metallabenzene, η -cyclopentadienyl, and η -cyclopropenyl complexes. Unlike cyclobutadienes, metallacyclobutadienes can be significantly more stable. A number of metallacyclobutadienes have now been isolated and thoroughly characterized, especially for those that contain transition metals of groups 5-9. Their properties have also been actively investigated. This article highlights the chemistry of metallacyclobutadienes with reference to their syntheses, reactivity, and structural properties.